Tue, 05 Jul 2022 Today's Paper

President to intervene in market affairs again

18 July 2012 01:09 pm - 15     - {{hitsCtrl.values.hits}}

A A A

The Commissioners of the Securities and Exchange Commission (SEC), Director Board of Colombo Stock Exchange (CSE), members of the Colombo Stock Brokers Association (CSBA) and several high networth stock market investors  have been called for a special meeting by the PresidentMahinda Rajapaksa to discuss the current situation of the Colombo bourse, Mirror Business reliably learns.

 According to informed sources, letters have been sent to the above bodies by the Presidential Secretariat calling for a special meeting which is to be held this Friday at 10.30 am.

 Amongst the high net worth investors invited are, Dhammika Perera, Nimal Perera, Dilith Jayaweera and Ajith Devasurendra.

 This will be the second time the country’s President interceding in matters regarding the Colombo bourse directly.

 President Rajapaksa met with brokers and some powerful high net worth investors for the first time in November, last year, which ultimately resulted in the resignation of the then ‘no- nonsense’ SEC Chairperson, Indrani Sugathadasa and Director General Malik Cader. (MIrror Business)
Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.

  Comments - 15

Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.

  • Felix Thursday, 19 July 2012 02:06 AM

    "Intervene" means it is not going to be "independant". The market will crash soon. Just remove that silly act and the investor confidence will grow. It is just the bad governance of the country by the rulers.

    Asaranakolla Thursday, 19 July 2012 02:05 AM

    "naduth ape hamuduruwange baduth ane hamuduruwane!!!" some kind of bucket... MR is a good market player for making cakes without putting its ingrediants. When will this bloody drama ends???

    janaka Thursday, 19 July 2012 02:20 AM

    President never run so much as a king coconut stall?

    CHANDRAPALA Thursday, 19 July 2012 02:13 AM

    This is very dangerous move. If President can do every things better than others why country needs such a massive ministers

    Anil Wednesday, 18 July 2012 03:53 PM

    In the past high net worth individuals were people with" old money". Now they are new rich who have made money thru market manipulation.

    Investor Wednesday, 18 July 2012 03:48 PM

    What is better ? To meet the punters or the business community to help them gorw their business ?

    Imran Hussein Wednesday, 18 July 2012 04:34 PM

    What more there to intervene. All those mess are because of his interventions. What does he know first and foremost?

    Kiris Baba Amaray Wednesday, 18 July 2012 04:57 PM

    Mr. President, since you don't know much about Market values, it is advisable you to take Mr. Harry J, he will teach you this subject.

    Godagampala Rohana Wednesday, 18 July 2012 05:01 PM

    Sorry to say MR, you and your party is the main cause for the falling down of our Stock Market.

    Broker Wednesday, 18 July 2012 05:22 PM

    Dilith represents Duminda Silva in the absence of his brother Raynor .

    Shamini Wednesday, 18 July 2012 06:40 PM

    Coming colors not good!

    gamarala Wednesday, 18 July 2012 08:25 PM

    message is invest in the govt and the govt will gurantee high net worth peoples investments will blossom

    Sanjay Wednesday, 18 July 2012 09:56 PM

    The last time this happened listed companies were handed over to the government. I lost my investment in Pelawatte sugar, not even a cent of my hard earned money. This time which companies "shares" will be handed over to the government without a cent being given in return???? Steal from the poor and make the rich richer is the right attitude really!!!!!!!

    Suny J fm Mellbourne Wednesday, 18 July 2012 10:21 PM

    I dont know whther to laugh or cry.....??? Vary interesting set of names .....??? keep your fingers crossed..????

    wedige Wednesday, 18 July 2012 11:57 PM

    OH - He is going to use his Gold Hand to control CSE - New kind of Economics (I wish Bandula is teaching him too).


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.


Lesson for Lanka from Ecuador’s crises, its relations with US and China

In faraway Ecuador, a crisis similar to the one Sri Lanka is facing, is threa

Some mill owners sell imported rice under local brands - Dudley Sirisena

President of Rice Millers’ Association and Chairman of Araliya Group Dudley

Spotlight on losses associated with so called development projects

Many of the projects aimed at developing the country have only become a burde

Fresh Approaches in Safeguarding the Environment

“Every citizen has a constitutional duty and obligation to protect the envi